TOP-10 crypto cap welcomes two new coins

NEM and PIVX tokens are now among the most capitalised cryptocurrencies in the world. The total market cap of all the altcoins is nearing $10 billion.

PIVX has moved to the tenth place in CoinMarketCap’s ranking of cryptocurrencies capitalisation, having surpassed $100.4 million. Since the beginning of April, its market price has doubled rising from $0.95 to $1.87. For the year to date, PIVX exchange rate has surged 255 times from the initial $0.007326 per coin.

PIVX is a Dash fork with a new Proof-of-Stake (PoS) code. In the same way as Dash, the PIVX ecosystem has such features as masternodes, instant transactions (SwiftTX) and private transfer (Obfuscation) based on the coinjoin method.

The main exchange platform for PIVX is Bittrex with up to 94.4% of the total trading volume.

The sixth place in the crypto TOP-10 now belongs to NEM, which has outrun Monero and Ethereum Classic. Since the beginning of April, the price of NEM has risen from $0.0151 to $0.035159, while its capitalisation has more than doubled from $136.6 million to $316.4 million. For the year to date, the NEM rate has jumped tenfold from $0.00366.

NEM was finally launched in March 2015, after initial alpha testing. NEM is a peer-to-peer cryptoplatform written in Java and JavaScript. It utilises the Proof-of-Importance (POI) algorithm. NEM code is utilised in the commercial blockchain-based software Mijin, mostly by Japanese financial companies.

The main exchange platforms for NEM are Poloniex with 71% share and BTC38 with 22.55% of the total trading volume.

The total market capitalisation of all the altcoins has grown four times since the beginning of 2017: from $2.188 billion to almost $10 billion. This dynamic is unique for this year: from April to December 2016, the total cap of altcoins only increased by one-third.

Meanwhile, bitcoin’s share in the world’s cryptocurrency capitalisation has been going down. As of now, the cryptocurrency accounts for 66.6% of the total capitalisation, comparing to 87.56% in January 2017.